AutoNation Q2 Profit Rises - Quick Facts

(RTTNews) - Automotive retailer AutoNation, Inc. (AN), Thursday reported net income from continuing operations of $90 million or $0.73 per share, compared with $79 million or $0.64 per share in the same quarter last year. On average, thirteen analysts polled by Thomson Reuters expected earnings per share of $0.73 for the second quarter. Analysts' estimates typically exclude one-time items.

For the three-month period, the company clocked revenues of $4.42 billion compared with $3.90 billion last year. Analysts estimated the firm to generate revenues of $4.33 billion.

AutoNation also announced that Mercedes-Benz has awarded a new franchise to AutoNation in the Atlanta, Georgia market and earlier in the second quarter announced the award of a new Mercedes-Benz franchise in the Tampa, Florida market that is expected to open in early 2015. The new Atlanta franchise, to be constructed by AutoNation, is subject to customary conditions and is expected to open in early 2015.